Ethereum daily active addresses double, key support levels established, potentially surging towards $4000

【Crypto Rhythm】 Recently, the Ethereum network has seen a significant increase in activity. Over the past two weeks, the number of daily active addresses has doubled, surpassing 800,000, indicating a genuine recovery in participation. From a capital perspective, the main accumulation zone for ETFs is concentrated between $3,119 and $2,772, forming a fairly solid support base.

Technically, Ethereum is currently oscillating within a triangle pattern on the daily candlestick chart. As long as the price does not break below the $3,085 support level, there is considerable room for a rebound. Once the $3,400 resistance is effectively broken, the next target could be around $3,660. If buying momentum continues, there’s even a chance to test the $4,000 psychological level. The key still depends on whether the support can hold; if it does, there will be upward momentum.